The volume of Venmo payments increased by 86% during 2017, rising from $6.8 billion in 1st Quarter to $10.4 billion in 4th Quarter, Statisa reported. If those figures are accurate, Venmo’s payment volume increased by $3.6 billion during 2017.
These figures indicate that PayPal might be the most successful payment solution in the world. It might also be creating a Fintech network that will one day rival those of Visa (NYSE: VA) and MasterCard (NYSE: MA).